G7/8: The Elite Economies

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Created by
Beth Peers

Cards (6)

  • The Group of Seven (G7) is an exclusive assembly of seven of the world's largest advanced economies, representing more than 60% of the global net wealth.
  • Members:
    • Canada
    • France
    • Germany
    • Italy
    • Japan
    • United Kingdom
    • United States
    • The European Union is also represented.
  • Economic Policymaking: Holds annual summits to address critical economic challenges, from debt crises to environmental policies.
  • Global Health and Security: Engages in discussions about global health crises, security threats, and more.
  • Crisis Response: Historically, G7 has been pivotal in addressing financial crises and economic downturns.
  • Note: Russia was added in 1997, transforming it to G8. However, Russia's membership was suspended in 2014 due to its annexation of Crimea.